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Subsea 7 — AGM Information 2021
Apr 14, 2021
6244_iss_2021-04-14_fd123651-7048-432f-84a1-4d39eb2b0fc2.html
AGM Information
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Subsea 7 - 2021 AGM and EGM
Subsea 7 - 2021 AGM and EGM
Luxembourg - 14 April 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced that, at the 2021 Annual General Meeting (AGM) of shareholders on 14
April 2021, all resolutions were approved.
In addition, at the subsequent Extraordinary General Meeting (EGM) of
shareholders on the same day, all proposed resolutions were also approved. These
related to (i) the authority of the Board of Directors to repurchase and, as the
case may be, subsequently to cancel Company shares and reduce the issued share
capital accordingly, (ii) the renewal of authorisation for the Board of
Directors to issue new shares and to limit or suppress preferential subscription
rights, for up to 10% of the issued share capital and (iii) amendments to the
Company's articles of association.
At the AGM, the payment of a special dividend of NOK 2.00 per common share was
approved. The last day the shares will be traded including the right to receive
a dividend will be 28 April 2021 and holders of common shares and ADRs on record
at the close of business on 30 April 2021 will be entitled to the dividend. The
first trading date ex-dividend will be 29 April 2021. The date of payment of the
dividend will be 7 May 2021 for holders of common shares and 14 May 2021 for
holders of ADRs.
As permitted under the Luxembourg law dated 23 September 2020 on measures
concerning the holding of meetings in companies and other legal entities, as
amended, both meetings took place without any physical presence. The minutes of
both the AGM and EGM which detail the resolutions passed and the result of the
votes cast in relation to each resolution, and the changes to the Company's
articles of association are attached hereto. The minutes can also be found on
the Company's website www.subsea7.com (http://www.subsea7.com).
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Subsea 7 is a global leader in the delivery of offshore projects and services
for the evolving energy industry, creating sustainable value by being the
industry's partner and employer of choice in delivering the efficient offshore
solutions the world needs.
Subsea 7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
www.subsea7.com